Economics a Lecture Delivered At Columbia University in the Series On Science P
Economics a Lecture Delivered At Columbia University in the Series On Science P
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Reasonable laws regulating the working hours of women and children and prescribing standards of sanitation and safety for the benefit of all employees are today universally approved by economists. The legal regulation of the hours of labor of adult men is less gen- erally demanded, but the industrial development of pro- gressive countries is so clearly away from the situation in which effective individual liberty results from a policy of non-interference on the part of the government that the a...rgument for protective labor laws for all classes is steadily gaining adherents. The object and tendency of such laws, as economists now recognize, are not to repress individual initiative and enterprise, but rather to determine the plane on which initiative and enterprise shall act. Enterprise which spends itself in devising new methods for sweating the last ounce of productive power out of underpaid and ill-fed employees serves no useful purpose. It is much better that the same energy and ingenuity be directed toward introducing more efficient tools and machinery or a better division of labor, wage-earners meantime being protected from over-work under unwholesome conditions by definite legal prescriptions.
What to read after Economics a Lecture Delivered At Columbia University in the Series On Science P?
You can find similar books in the "Read Also" column, or choose other free books by Henry R Henry Rogers Seager to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Reasonable laws regulating the working hours of women and children and prescribing standards of sanitation and safety for the benefit of all employees are today universally approved by economists. The legal regulation of the hours of labor of adult men is less gen- erally demanded, but the industrial development of pro- gressive countries is so clearly away from the situation in which effective individual liberty results from a policy of non-interference on the part of the government that the a...rgument for protective labor laws for all classes is steadily gaining adherents. The object and tendency of such laws, as economists now recognize, are not to repress individual initiative and enterprise, but rather to determine the plane on which initiative and enterprise shall act. Enterprise which spends itself in devising new methods for sweating the last ounce of productive power out of underpaid and ill-fed employees serves no useful purpose. It is much better that the same energy and ingenuity be directed toward introducing more efficient tools and machinery or a better division of labor, wage-earners meantime being protected from over-work under unwholesome conditions by definite legal prescriptions.
What to read after Economics a Lecture Delivered At Columbia University in the Series On Science P?
You can find similar books in the "Read Also" column, or choose other free books by Henry R Henry Rogers Seager to read onlineMoreLess
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